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20130115
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CNBC 11
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English 16
Search Results 0 to 15 of about 16
CNBC
Jan 16, 2013 3:00pm EST
rates rise and that would cost the go government more. >> that's not what i'm asking. low interest rates enabled the debt to accrue to the level it has. doesn't he have a moral responsibility to tell them ways to address it? >> absolutely. >> i mean, i don't think there's any question about that, exactly what you're saying. every time he talks, you almost feel as though what he's saying he wants to say more than what he is saying. what he needs to say is everything is in terrible shape. everything looks horrible and you better get your act straight because this country is going down the tube. >> he has said repeatedly when we go over the fiscal cliff, if we go over the fiscal cliff, we don't have any more tools. he says it a lot. >> it's even been stronger than that, maria. he has very much said what the beige book is saying right now which is that it's having a current effect. it's not in the future. >> agreed. >> i've got to say this. when we talk about interest rates, you know, staying low, objection remember, the government only can effectuate or affect the discount rate and th
CNBC
Jan 23, 2013 3:00pm EST
market. the republicans are incapable of embracing austerity. the government is borrowing the fed's money into existence, and it's driving another bubble in stock prices, what a surprise. >> all of which were the reasons why you were staying away from the market so now you're throwing in the towel on the political agenda. >> it wasn't so much driven into investors' heads that congress was incapable of embracing austerity. now we know. look, the sequestration was supposed to happen january 1st. punt on that one. debt ceiling, supposed to hit that. now it will be steve 19. there's no austerity. >> what michael is saying in a very long-winded way is don't fight the fed. not fighting the fed. the fed, europe, japan's now with b to go hog wild. >> sure, sure. >> the whole world is printing new money. >> abe, the new prime minister of japan, japan is at least discussing a new quantitative easing scheme for them. they are going to be printing a lot of yen. >> the point is all that tends to be good for assets like stocks? >> very stimulative. europe will have to start printing money as well
CNBC
Jan 17, 2013 3:00pm EST
japanese stock market starting to reflect that, you're -- you know, you have the japanese government trying to really reboot that economy. you're seeing the chinese government and the new leadership trying to reboot their economy, so, if any, you're going to see probably an accelerated economy n.parts of the world i still think we'll have structural problems in europe and all the uncertainty about the united states so i don't believe it's going to be as bad as it sounds. the u.s. certainly may, but i actually think what's going on are -- and this is part of our messaging at blackrock, you need to look beyond the noise of the day or the week or the month. if you have a liability that's a 20 or 30-year liability, why do you care about what's going to happen in the next few months. >> sure. >> it may mean your entry level is higher or lower, but you're missing out, and so, you know, my message a year ago, you have to be in stoks stocks. for those not in stocks, what did we see, the s&p up 15% last year and we're up another 3.5% so far year to date. >> yeah. >> so far equity returns in t
CNBC
Jan 22, 2013 3:00pm EST
forming the government. netanyahu had called these elections in a way as a reflection of his policies on the west bank and settlements, the quelling of the uprising in gaza and, of course, israeli relations or lack of relations, i should say, with iran. many people and political observers there believe that this will then continue his relatively more hardline right-leaning policies on all of those three issues. netanyahu, according to exit polls, will once again be prime minister in israel. >> thanks, tyler. heading towards the close. about 50 minutes left in the trading session just off the highs of the day. a reminder. any positive close for the dow and s&p, new five-year highs. >> ameritrade getting a boost in trade today despite a drop in profits. stock is up 23% over the past three months. right after the break the ceo joins us with the real story behind this quarter and his concern of a proposed trading tax in europe and whether it could make its way here to america. >> also. big earnings reports after the bell coming your way. do not miss the numbers from google and ibm. they h
CNBC
Jan 18, 2013 3:00pm EST
government tightened fiscal policy, raised taxes and the fed raised rates and created a second downturn. this is what ben bernanke has studied his whole life and this is the mistake he refuses to make. >> jeff, wouldn't that be a mistake? i mean, isn't part of the equation that we're not talking about, demand? yes, there's a lot money out there and it's very cheap right now but the demand for that money is what's keeping the inflation lower right now, isn't it? >> i would tell you, yeah, i mean, the demand i guess is certainly the issue that he's trying to stimulate here, but i just don't know how you stimulate it by continuing to just devalue the united states currency. >> let me stop you there, jeff, because that hasn't happened. >> yes, it has. >> by what measure? >> if you look at the dxy, down 11% since qe started. >> okay. if that was also part -- if you read all. fed's and all of ben bernanke's literature on how to attack deflation and reflate, part of it is gently devaluing the dollar. competitive devaluations going around the world where all the central banks of major
CNBC
Jan 15, 2013 3:00pm EST
the government. ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. >>> welcome back. this is the chart of the day. if this is going to continue right here and close, this is going to be the first time that apple closes below $500 since february of last year. so for this year apple is the worst performing stock on the nasdaq 100 and the second worst on the s&p 500, bill. >> our herb greenberg thinks he knows, why and he says apple may be having what he calls an innovation problem,
CNBC
Jan 22, 2013 4:00pm EST
different ground. of course, the quester and the -- the continuing resolution to fund the government, but you're hearing some of both parties saying they might even accept the sequester. some of the stakes appear to be fading from these disagreements that paralyzed washington at the end of last year. >> when i heard this original deal profrksd i thought it was on the condition that the senate eventually congress had to actually pass a budget finally. >> that's still on the table. >> that is still on the table. a little bit less clear is the fate of the idea that somehow pay would be suspended for members of congress if they don't pass a budget. >> right. >> there are questions about the constitutionality of that provision, but the entire provision is to try to force the senate to force a pass a budget, and the senate intends to do that. >> that's significant because it's written within the law that when you pass the budget the debt ceiling automatically gets raised and then you don't even have to have this discussion at all. even before the debt fight was pushed off in the spring the equi
FOX Business
Jan 17, 2013 3:00pm EST
flights as governments around the world vote -- forced boeing to ground all the seven a seven. suppose to be celebrating. there not. howdy use a nightmare in polish? >> actually, i lifted up. that is exactly what is happening. they were inaugurating were supposed to the flight between warsaw and chicago. a very popular route. take a look at where the aircraft is right now. supposed to have back last night it is still parked here today. we went around to the back of the airport and get a look at the 787 dream liner. two are flying. it is now grounded along with 49 other aircraft around the world. a huge hit for boeing and also, i might add, the first airline to say, we are going back to boeing and we're going to ask for compensation on this. take a look at what the number two man at the polish airline had to say. essentially, we're going back to the contract to look to see what we can do to get compensation. it is a huge hit for us. out of here tonight, and they hope to get it out with a replacement aircraft. at this point that is what they're hoping for. by the way, all about
FOX Business
Jan 23, 2013 3:00pm EST
accepted responsibility from that and that shouldn't be a refreshing novelty in government or business but right now it is. cheryl: i had to ask because the decision calibers make and resistance you make are also market-moving frankly. joe rear, chief investment officer. we will be watching, thank you for being here. closing bell going to ring, 49 minutes to go. doctors -- you know why -- patients of the flu, i don't know. at night is turning to an interesting source what comes to getting the latest information on the outbreak. liz claman gets the game plan for the flu season straight from the chairman and ceo in davos, some bold statements on health care spending coming up next as "countdown to the closing bell" role on. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for
CNBC
Jan 23, 2013 4:00pm EST
, restructuring how the governance is done. >> look, i'm very proud of jpmorgan. you know, last year i think 1.8 trillion of capital or credit for consumers or businesses. we had a problem, you know, we've fully acknowledged that we've undressed ourselves in the public and the rest of the bank is pretty well controlled and pretty well managed. the same bank that went through '07 and '08 and '09 and 2010 and 011 and for the most part did fine. whenever a company makes a mistake, you should analyze it and be better for you and make sure you apply best practices across the country. there are a couple of things we learned applying across the company. >> what kind of safeguards can you share with us that you are applying? >> look, everything we do risky, a gap in our fortress wall, and then the one -- the one that's going to go across all companies, we use models extensively, just make sure they are always used properly for the right way. we should get model obsessed. start to run your business on models, you'll get in trouble, too. >> pretty extraordinary that even with the trading loss you actually
CNBC
Jan 18, 2013 4:00pm EST
costs of their care landing in the government's lap. what about that? >> maria, i couldn't disagree more with max. i believe that this is a very courageous proposal from the business roundtable put together by gary loufman of cesare's who used to be a colleague of mine at harvard business school. if you hit 65, the expectsy is 20 years. medical technology is learning how to keep people alive longer and longer, but we still have our disease-prone years hitting about the same time, in the late 50s, so i think people are going to have to work longer. we'll need these workers, and i think this is a very sound way to get medicare solvent. it won't be solvent today. unbounded costs in medicare. lifestyles are pushing it up and end-of-life issues, and there's just tremendous upward pressure on medicare costs, and i'm extremely concerned we won't be able to fund it, or else it will squeeze everything out of the budget. first of all this, proposal is going to be phased in. doesn't affect anyone at all who is over the age of 55, so they are all excluded, and, frankly, it won't phase in until
CNBC
Jan 15, 2013 4:00pm EST
enough for their retirement. they are increasingly reliability on government funding so that is a long-term problem. in fact, that's one of the reasons that we haven't been able to see a robust recovery is we don't have that catalyst for growth, ie the consumer taking on new amounts of debt and spurring new consumption because we're still de-leveraging from the decades of debt accumulation we've gone through. clearly this is a long-term probable. if we're focusing on just 401(k)s i don't see this as a net negative, people being able to access their own funds and use them as they see appropriate. >> i definitely don't recommend it. >> steve, while i have you here, i understand you have more detail on secretary geithner's letter to speaker boehner. >> right. >> what can you tell us. >> on the one hand it's completely expected. there are four extraordinary measures that the treasury secretary is allowed to invoke as we near the debt ceiling. what he did in this letter that just came out is he invoked the third one. i believe all four of these measures are built into the existing timetable
FOX Business
Jan 21, 2013 3:00pm EST
government saying that, quote, preserving our individual freedoms ultimately requires collective action. take a listen. >> the american people can no more meet the demands of today's world by acting alone than the american soldiers could have met the forces of fascism and communism with militias. or build the roads and networks and research labs that will bring new jobs and businesses to our shores. now, more than ever we must do these things together as one nation and one people. peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets are moving
CNBC
Jan 16, 2013 4:00pm EST
headwinds in the government, but we think it's a pretty good backdrop and seeing lots to do. travel all the time. been in europe and asia, there's some things we're very excited about that we're partnering with our clients, and i think we'll make good money. >> you also talk about being overweight real assets. what do you mean by real esas? >> one thing in our energy group, one of the pioneers in this group, going to the energy companies and also buying wells and oil in the ground so i would think about it ahead of our group who likes to say we're creating bonds in the ground so oil where you get a yield and inflation protection and growth. that's hard to match when you think about a tip security where you actually have to pay for the yield, so that's been a very exciting area. same thing in real estate. we've been doing a lot with the firm's balance sheet. one thing we try to eat what we're cooking and have almost a $7 billion balance sheet. ralph rosenberg who heads our real estate area very active with the firm's capital as well as partnering with clients to find some pretty inte
FOX Business
Jan 15, 2013 3:00pm EST
third shifts, and we think we have that capacity just about right for now. liz: the u.s. government, have you worked well with them? what's the tone as we continue now as we see four more years with president obama, obviously, the treasury secretary's moving on at some point, but, you know, how is that relationship with ford, one of our star manufacturers in the country? >> well, as you know, liz, i've been pleased to support the economic council, also the export council, and i really have been pleased to be part of that solution to talk about the importance. i worked together on solutions that foster economic development in the united states, and i know that the administration in congress know the value of manufacturing in the united states, and the work we did on the free trade agreement with south korea was fantastic. this is all about creating an environment where businesses can grow, especially led by manufacturing, and we're going to be exporting the explorer from chicago because of what we've done to improve our competitors in the united states to 94 countries around the worl
FOX Business
Jan 18, 2013 3:00pm EST
right, liz. it is not just state and local governments, corporations. in fact a t and t is not the only company we're looking at. basically you are seeing big names, 100 top corporate pension funds are underfunded, record deficits. here are some of the names of the companies that are grappling with big fat pension costs. you are going to see adm, caterpillar, alcoa in here, underfunding on the order of 412 billion dollars for these companies. mercer came up with similar results, 557 record billion dollars deficits in the s&p 1500. and what we're talking about is what's going to happen down the road. investors are going to see these weird bookkeeping charges that are just paper charges, not cash charges just yet meaning they are going to be tossing their own company stock in there to do whatever they can to pay for the returns that are underperforming in their pension plans. i have to tell you something, these companies, do you know who they are blaming? the federal reserve. they are blaming low interest rate policies for ruining their expected rates of return so when they don't com
Search Results 0 to 15 of about 16